UBA Lending Business Owners N5bn BoI MSME fund at 9% Interest Rate
I urge eligible businesses to visit any UBA branch or the bank’s official website to begin their application process right away.
2025
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Manufacturers Laud Zedvance Finance for Sustained Support of SMEs and Growth Initiatives
At Zedvance, we take a value-chain, ecosystem-based approach to solving problems. We offer financing for input vendors that serve manufacturers through invoice discounting, purchase order financing, and logistics asset financing.
Putin bans foreign-made clothing for Russian army from 2026
Xinhua news agency reported that in the decree which will commence from Jan. 1, 2026, all uniforms and other clothing items for the Russian Armed Forces must be produced by Russian companies whose manufacturing facilities are located within the country.
Four New Operators Enter Nigeria’s Sugar Industry – Bakrin
The four operators which will each develop 100,000-tonne facilities across Nigeria’s agricultural belt are: Brent Foods in Oyo State, Niger Foods in Niger State, Legacy Sugar in Adamawa State, and UMZA in Bauchi State.
Tax Incentives Coming for Manufacturers Using Local Raw Materials – Nnaji
•Chief Uche Nnaji, the Minister of Innovation, Science and Technology The Federal Government is considering the introduction of tax incentives for Nigerian manufacturers who utilise locally sourced materials. Chief Uche Nnaji, the Minister of Innovation, Science and Technology, made this announcement during the 2025 edition of the Nigeria Manufacturing & Equipment and Nigerian Raw Materials…
Global push to end plastics pollution by 2040 nears finish line
The latest Global Trade Update shows that plastic production reached 436 million metric tons worldwide in 2023, with the traded value surpassing $1.1 trillion and accounting for 5% of total merchandise trade.
IEA’s global electricity demands projection for 2025/2026
Renewables are expected to overtake coal as the world’s largest source of electricity as early as 2025 or by 2026 at the latest, depending on weather and fuel price trends.
Nigeria’s GDP Rebase Unveiled—But Where Is the Factory Floor?
Co-Secretary General of PAMA, Segun Ajayi-Kadir, cautioned that the GDP rebasing exercise should not be treated as an occasion for self-congratulation The 2025 rebasing of Nigeria’s GDP has recalibrated the size and structure of the Nigerian economy, placing it among Africa’s largest once again. But beneath the glossy numbers lies a more sobering truth: manufacturing…
BRICS+ or AfCFTA: Where Should Africa Bet for Its Industrial Rebound?
Where should Africa align? Or can Africa strengthen AfCFTA at home while leveraging BRICS+ abroad—without being consumed by either? As global power blocs shift and trade alliances redraw themselves in real time, a strategic dilemma faces Africa: Should Africa deepen alignment with the BRICS+ group or consolidate gains under the African Continental Free Trade Area…
Google Launches AI-Powered Gemini Storybook for Nigerian Kids
Google has launched Storybook, a new feature within its Gemini app, aimed at providing a creative and interactive learning tool for Nigeria’s 39 million children aged six and under. BusinessDay reports that the AI-powered feature transforms simple prompts, personal photos, and children’s drawings into customised, narrated storybooks, bridging a critical gap in early childhood education…